Good morning, brothers! 🌞🌞
Today's market analysis!!
Yesterday, the understood king started attacking Powell for misleading Congress, demanding his immediate resignation, stating that interest rates should be cut and tax increases delayed until August 1. However, global stock markets remain very calm, indicating that expectations have already been priced in.
There have also been significant recent events:
Different cryptocurrency ETFs will accelerate their listings, and the SEC is considering establishing a fast approval framework for ETFs, which may announce a draft this month, affecting related tokens like SOL, DOGE, and LTC.
Currently, the market has completed 90% of the washout process [but it is expected that there will be one last wave]. Last week, there was a panic sell-off caused by ancient whales emerging; otherwise, Bitcoin might have already reached 110,000.
The upcoming focus will be on the national and US tariffs, including Japan, South Korea, India, and China, and the cryptocurrency space will also welcome a new trend.
You can also consider positioning yourself a bit in SOL and DOGE now, no more than 30% of your position!!!
